Corespec Ltd

Corespec Ltd from Stanley, UK, is a small, active company founded 26 years ago. With 20 employees and £1,677,039 in assets, it's a well-established player in its niche. The company boasts a solid 4.0 Google rating from 14 reviews and operates from a real address in County Durham, managed by three directors and one owner. It’s a regular importer of paper and paperboard products, with 70 months of import activity recorded.

The company’s website highlights its specialization in cardboard core solutions for various industries, including film extrusion, flooring, textiles, and automotive. Operating since 1998, Corespec offers high-quality products with quick turnaround times, direct deliveries, and even pre-cutting services. The site also showcases case studies, news updates, and even a curtain livery sponsorship—demonstrating a commitment to innovation and community engagement. It's clear they're not just selling cardboard cores; they're providing a comprehensive service.

Financially, Corespec Ltd presents a mixed picture. While net assets increased by a healthy 79% to £910,000, current assets decreased by 12% to £1,700,000. Cash reserves took a significant hit, plummeting 92% to just £20,000. Bank borrowings, however, decreased by 38%, and creditors also fell by 38%, suggesting improved debt management. The company meets two of three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 100 employees—allowing it to remain agile. The lack of an auditor is typical for a small company, so the figures are unaudited.

Despite the decline in cash reserves, the increase in net assets suggests a strengthening financial position overall. The company’s focus on specialized products and customer service appears to be paying off, though the sharp drop in cash reserves warrants monitoring. The company's growth is a little slow, but they are doing fine.

Registered in England/Wales under the registration number 03574269, with a registered address at DH9 7YB, Stanley, County Durham, Unit 7 Greencroft Industrial, Park, Annfield Plain.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.